India

RBI Grants Banks Additional Time to Submit Regulatory Returns

By Editors | 01/05/2020

The regulator has listed 18 regulatory returns which banks can submit with a delay of a maximum 30 days. No extension is granted for the submission of statutory returns which are required by law.

Capital / Liquidity

RBI Expands Mutual Fund Liquidity Facility to All Banks

By Editors | 30/04/2020

Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI’s liquidity adjustment facility window.

Securities / Derivatives

SEBI Extends Mutual Fund Deadlines for Lowering Unlisted Debt Holdings

By Editors | 30/04/2020

Mutual funds will now have until 30 September to reduce their holdings of unlisted non-covertible debentures to 15% of assets, and until 31 December to reduce it to 10%.

India Brings to Life Unified Regulator for IFSCs

By Editors | 29/04/2020

The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.

Securities / Derivatives

SEBI Defers Margin Framework, Halves Broker Turnover Fees

By Editors | 28/04/2020

In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.

Securities / Derivatives

RBI Opens New Liquidity Facility for Mutual Funds

By Editors | 27/04/2020

The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

By Editors | 27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

By Editors | 27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Uncategorised

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

By Editors | 26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.